Ventilation Grills Market Size & Share, by Material (Metal, Plastic, Wood); End-User (Residential, Non- Non-residential); Application (Exhaust, Air Supply) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5368
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Ventilation Grills Market size is anticipated to cross USD 220 million by the end of 2036, growing at a CAGR of 1.2% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of ventilation grills was USD 191 million. The demand for ventilation grills in both residential and business structures is anticipated to rise as the construction industries expand globally. According to our data, the United States had more than 919,000 construction businesses in the first quarter of 2024. Maintaining high indoor air quality and guaranteeing the security & comfort of building occupants depends on proper ventilation. In order to ensure optimum air circulation and ventilation in indoor spaces, which helps eliminate pollutants, allergens, and other hazardous elements, ventilation grills are essential.

Given the need for appropriate ventilation systems in new construction and restorations, the demand for ventilation grills is strongly related to that of the construction sector. The ventilation grills industry is further fuelled by the fact that building laws and regulations frequently mandate proper ventilation in new projects. Ventilation grills are also becoming more effective and straightforward to install owing to technological developments, which are accelerating their uptake in the building sector. In general, as more buildings are built or renovated to satisfy the needs of a growing global population, the construction sector is predicted to rise, driving the sales of ventilation grills in residential and commercial structures in the years to come.


Ventilation Grills Market
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Ventilation Grills Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Manufacturing Sector - Ventilation grills’ demand is anticipated to rise in these facilities as the industrial sector expand. Ventilation grills are becoming more popular in manufacturing facilities due to technological improvements that have made them more effective and simpler to install. As per IBEF; prior to the pandemic, the manufacturing sector in India accounted for 16–17% of the nation's GDP, and it is expected to increase at one of the quickest rates. Further, according to International Trade Administration; the Japanese government has set aside USD 1.62 billion to promote Japanese SMEs within the framework of its fiscal year 2022 expenditure budget. It is anticipated that Japanese manufacturing enterprises have invested USD 890 million on digital infrastructure. By 2030, this amount is predicted to increase to USD 4.1 billion. This growth of manufacturing sector would support the expansion of ventilation grills market.
  • Rising Adoption of HVAC Systems- The adoption of energy-efficiency heating, ventilation, and air conditioning systems which need to be equipped with grills is also a result of the regulations aimed at reducing carbon emissions and promoting energy efficiency. The development of smart, connected HVAC systems with remote control and automation functions for better airflow management is another effect of technological improvements.
  • Increasing Awareness Regarding Ventilation- Increased public awareness of ventilation & air quality improvement is a factor that is driving the market for ventilation grills. Appropriately placed ventilation grills aid in a number of ways in improving the quality of the air. As a result, air contaminants like pollen and dust are removed, lowering the chance of developing new health problems and enabling the air to flow easily and prevent getting stagnant. In order to reduce moisture buildup in the home and place of business, ventilation grills and air vents are essential. Such ventilation tunnels also stop gas leaks from accumulating and help to prevent accidents when gas leaks do occur. In consideration to these aspects, with the increased awareness regarding ventilation, the ventilation grills market is estimated to witness growth. 

Challenges

  • Limited Consumer awareness- While the awareness of indoor air quality is increasing, many consumers are still not aware of the importance of proper ventilation systems and may not see the need for ventilation grills. This lack of awareness restrains the demand for the market, particularly in a residential application where homeowners may not see the need for these products.
  • Supply chain disruptions in response to the pandemic
  • Complexity in regard to installation of ventilation ducts.

Ventilation Grills Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 1.2 %

Base Year Market Size (2023)

 ~ USD 191 Million

Forecast Year Market Size (2036)

 ~ USD 220 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Ventilation Grills Segmentation

Material (Metal, Plastic, Wood)

Ventilation grills market from the metal segment is anticipated to hold 48% of the revenue share during the forecast period. Given the materials are durable, long-lasting, and fire-resistant, metal grills are ideal for use in commercial and industrial settings. Since they are available in a variety of shapes, sizes, and finishes, metal ventilation grills are flexible and adaptable to a wide range of applications and design styles. Due to their adaptability and versatility, they are a well-liked solution for ventilation systems in both homes and businesses. The demand for metal ventilation grills is being driven by the growth of the construction industry, particularly in emerging nations with a high need for new building and renovations. Metal ventilation grills are often used in HVAC systems for commercial and industrial buildings because they can withstand high airflow rates and temperature changes. 

End-User (Residential, Non- residential)

The residential segment in the ventilation grills market is expected to attain significant growth by the end of 2036. The need for ventilation grills is being fueled in part by the expansion of residential buildings. Ventilation grills that provide effective airflow and satisfy the unique needs of each structure are becoming more and more necessary with the rise in new residences and renovations. The demand for residential use is also being driven by the increased awareness of indoor air quality. Numerous causes, including the growing need for environmentally friendly and energy-efficient homes, rising concern for indoor air quality, and an increase in residential construction activity, all contribute to the demand for ventilation grills in the residential segment.

Our in-depth analysis of the global ventilation grills market includes the following segments:

          Material

  • Metal
  •  Plastic
  •  Wood

          End-User

  • Residential
  •  Non- residential

          Application

  • Exhaust
  • Air Supply

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Ventilation Grills Industry - Regional Synopsis

North American Market Forecast

North America is expected to account for 45% share of the global ventilation grills market by 2036. The growth of the construction industry, the increasing adoption of HVAC systems, and the rising trend of energy-efficient buildings are some of the factors driving the demand for the market in the North America region. As per our analysis, the region’s HVAC garnered a market valuation of USD 43.67 billion in 2022. Furthermore, the region has witnessed a notable increase in industrial automation activities, which has also contributed to the industry growth.

European Market Statistics

Europe ventilation grills market is expected to record significant revenue during the forecast period owing to the low cost of bariatric surgery and the rise in the number of diabetes people. Further, country-wise, Germany would provide for significant market opportunities. Also, the region is growing in accordance with the presence of significant market players in the region.

Research Nester
Ventilation Grills Market Size
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Companies Dominating the Ventilation Grills Market

top-features-companies
    • Aldes Ventilation Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Allvent Ventilation Products
    •  Zanardo S.p.A.
    • Systemair AB
    •  TROX GmbH
    •  Kemtron Ltd 
    • Rytons Building Products Ltd
    • OMEGA
    • Häfele America Co.
    • Dospel Sp. z.o.o

In-the-news

In The News

  • October,2024- By installing six million heat pumps in California buildings by 2030, Mitsubishi Electric Trane HVAC US LLC (METUS), a leading provider of ductless and ducted mini-split and variable refrigerant flow (VRF) heat pump and air conditioning systems, has pledged to help California meet its climate goals.
  • April,2021- Halton Group, a leader in demanding ventilation technology, will start offering its demand-controlled ventilation system, the Halton M.A.R.V.E.L., to commercial kitchens as a service. By lowering the system's capital cost, this service makes the system's advantages more conveniently accessible to more foodservice operators, like restaurants.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5368
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing manufacturing sector, increasing adoption of HVAC systems, rising awareness regarding proper ventilation and ailments caused by it are some of the major growth factors for the market’s growth.

The market size of ventilation grills is anticipated to attain a CAGR of 1.2 % over the forecast period, i.e., 2024-2036.

The major players in the market are Allvent Ventilation Products, Zanardo S.p.A., Systemair AB, TROX GmbH, Kemtron Ltd, Rytons Building Products Ltd., OMEGA, Häfele America Co., Dospel Sp. z.o.o, Seiho International. Inc, and others.

The metal grills segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Ventilation Grills Market Report Scope
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